MPC not frightened by high inflation
16:26
Interest rates are unchanged. The Monetary Policy Council was not frightened by high current inflation and kept rates unchanged for the second consecutive month.
The main NBP reference rate is therefore 6.75 percent. This is still the highest level since November 2002. And much higher than when the current cycle of increases began. As recently as last September, it was 0.1 percent.
In making its decision, the Council was guided by, among other things, the latest inflation and GDP projections. Earlier statements by NBP representatives, including Vice President Marta Kigtley, indicated that the projection was expected to show a large drop in inflation next year.
